Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Shrinking team NBB
FTE fell two years in a row, from 10.5 to 0.
-
Busy address KBO
12 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
TSH Transport from Waasmunster, company number BE0647712748, closed financial year 2025 with a result of € 32,943 after tax. For that financial year TSH Transport recorded a gross margin of € 79,845 and equity of € 561,663. Compared with financial year 2024, the result moved from € 121,252 to € 32,943. The company is profitable. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on September 25, 2025.
€ 561,663
▲ 6% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 32,943
▼ 73% vs 2024
Profit after tax over the fiscal year.
€ 312,807
▲ 40% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € 541,663.
People and assets in 2025
0
▼ 0.1 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 17,587
▼ 37% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 254,009
▼ 18% vs 2024
€ 52,135 is repaid this year. At this pace the long-term loan is gone in ≈ 5 years.
€ 1,792
▲ 86% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 1,515
▼ 73% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 794,373 | € 1,013,423 | € 194,569 | € 79,845 | ▼ 59% |
| Profit after taxes | € 1,366 | € 214,179 | € 121,252 | € 32,943 | ▼ 73% |
| Equity | € 192,441 | € 408,301 | € 528,720 | € 561,663 | ▲ 6% |
| Total debts | € 1,251,104 | € 500,380 | € 318,240 | € 258,856 | ▼ 19% |
| Cash | € 111,537 | € 81,108 | € 223,496 | € 312,807 | ▲ 40% |
| Land & buildings | € 535,203 | € 516,503 | € 497,803 | € 479,103 | ▼ 4% |
| Retained profit | € 172,441 | € 388,301 | € 508,720 | € 541,663 | ▲ 6% |
| Dividend | € 800 | € 800 | € 833 | € 0 | ▼ 100% |
| Bank debt | € 681,194 | € 364,112 | € 309,167 | € 254,009 | ▼ 18% |
| Balance sheet total | € 1,443,545 | € 908,681 | € 846,960 | € 820,519 | ▼ 3% |
| Employees (FTE) | 10.6 | 10.5 | 0.1 | 0 | ▼ 0.1 |
Key figures of TSH Transport, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 30 January 2027.
What happened to TSH Transport?
What happened at TSH Transport in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 32,943 (▼ 73% vs 2024). Source: NBB ↗
- William DE WITTE became a director. NBB
- Joke VAN DOORNE became a director. NBB
- New establishment in Tielt. KBO
- Start of the company according to the CBE. KBO
In short
From € 1,366 profit in 2022 to € 32,943 profit in 2025.
Paid € 85,391 in corporate taxes since 2022.
Best year ever: 2023, with € 214,179 profit.
On average € 96,500 of value added per employee in 2023.
Management
The stake of DISTRIBUTIECENTRUM comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
TSH TransportBehind TSH Transport are William DE WITTE and Joke VAN DOORNE. The shares are held by DISTRIBUTIECENTRUM (100%).
Directors
According to the 2025 annual accounts
William DE WITTE
Director
Also active at: THIRY GENT, DEPONDT, ALVA IMMO, WILL - INVEST, DE WITTE WILLIAM, COCCINELLE, VAN LIER, VAN LAETHEM +23 more
since 2024
Joke VAN DOORNE
Director
Also active at: THIRY GENT, DEPONDT, ALVA IMMO, WILL - INVEST, DE WITTE WILLIAM, COCCINELLE, VAN LIER, VAN LAETHEM +19 more
since 2024
Shareholders
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Fazantenlaan 17
9250 Waasmunster
Wielmakerstraat 14
8700 Tielt
Active since 1 January 2021
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 12 companies are registered at this address.
All companies at this address →DEPONDT same network
€ 639,392 gross margin · 2025
ALVA IMMO same network
€ 2.8 million gross margin · 2025
DE WITTE WILLIAM same network
€ 12,050 gross margin · 2025
CORENT same network
€ 74,935 gross margin · 2025
BOUWGROEP DE WITTE same network
€ 2.6 million gross margin · 2025
+7 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0647.712.748
- VAT number
- BE 0647.712.748
- Registered office
- Fazantenlaan 17, 9250 Waasmunster
- Names & denominations
- TSH Transport
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 2 February 2016
- Peppol
- Active · Active since 1 Dec 2025
- Activities · NACE
Goederenvervoer over de weg
Verhuur en exploitatie van eigen of geleased niet-residentieel onroerend goed, exclusief terreinen